tv Bloomberg Daybreak Australia Bloomberg April 29, 2018 6:00pm-7:00pm EDT
♪ paul: dialing up a deal, sprint ,nd t-mobile agreed to merge ending years of will they or won't they talks. betty: aiming to shakeup american wireless through innovation and playing good old deals. paul: wilbur ross says the u.s. will exempt some allies from the steel and aluminum tariffs, but not all. the announcement on tuesday. betty: north korea will allow observers to see the decommissioning of its nuclear sites. washington said it must be a reversible. paul: hello from sydney where it
is fast 8:00 a.m. i am paul allen. we are two hours away from the open of asia's first market open. betty: it is 6:00 in new york. all the action on wall street playing into the asia-pacific trading day, and it will be a busy week. we have been hit with lots of news over the weekend including the sprint t-mobile deal finally billion.one, $26.5 expecting the shares of those companies to move as we move in monday trading in the u.s. but also of course lots of eyes on the 3% yield for the 10 year. we have inflation data, fed meeting, refunding announcement, all of that going to affect where the yields go. quickly how we ended trade friday, in the u.s., the dow moving, pretty much a mixed session. the s&p also closing slightly higher, up .1%.
the nasdaq pretty unchanged from being draggeds down despite big results coming out from alphabet you saw it, as well as amazon. watching apple this week. paul: and trading in new zealand is getting underway. been running for a couple minutes now. -- itlooking desk hinting is hinting to the downside. the kiwi is holding steady. starting flat in australia, not a lot of action on the futures front. we are keeping an eye on amp. before air, we got news the chairman of amd is going to resign. the resultstave off next week. they found they preached a number of provisions of the corporations act which carry criminal sanctions.
they try to mislead the regulator, also trying to amend an independent report, so watching a.m. p -- amp at the open. gold looking like this, crude oil hanging around $66, and we see weakness for the iron ore price. let's get first word news now with ramy inocencio. ramy: good morning. the trump administration says they will extend relief on steel and aluminum tariffs to some of the allies but not all. temporary exemptions expire this tuesday and congress secretary wilbur ross said the announcement will be made before the deadline. declined to say who would be spared. nations have been asked to accept import quotas for terrorists -- tariff access. designed in the claims she misled parliament over targets for removing
illegal immigrants. critics have been asking for her to step down and prime minister theresa may has accepted her resignation. she was pro-european in the government and was a counterpoint to the former secretary boris johnson. twitter sold information to the same academic who obtained facebook users' data and passed it on to cameras analytica. -- cambridge analytica. hogan was given one day access to random public tweets, covering a five-month timeframe from december 2014 to april 2015. twitter has removed cambridge analytica and affiliated entities as advertisers but offered no other details. france and iran say they will work together to preserve the nuclear deal even if the u.s. walks away. president macron spoke with ramadi and agreed to protect this accord. the trump administration faces a
may 12 deadline to extend support for the deal, and the president has indicated he may withdraw. iran said it has no interest in renegotiating the accord. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ramy inocencio. this is bloomberg. ♪ betty: thank you so much. let's get back to our top story here, the kim jong-un charm offensive. that continues, fresh from the handholding summit with resident men. the north korean leader is vowing to shut down his nuclear test site and will invite the foreign media to witness his achievement area our chief north asia correspondent stephen engle is back from the drama at the dmc. what theater it was. joining us in the studio, what seems to be happening now that the denuclearization
will happen in the next few weeks? stephen: a lot of things have happened really fast. those were amazing sites we saw friday where i was there at the dmc, the two leaders basically bear hugging and being all smiles, and even kim jong-un addressing for the first time have any north korean leader, addressing live to the global audience. it was quite a spectacle. firsts, the of first time a north korean leader stepped foot in south korea and speaking live to the global audience. they have agreed to reach a peace deal by the end of this year. have agreed for the aim of complete denuclearization, and they will be inviting the foreign press to the northeast of the country to the nuclear test site that have already shuttered, but they will close it down and what the world's eyes to see he means business
and means what he says. itthis lasting peace, or is orchestrating? we have to take these with a put -- with a grain of salt because north korea has spoken and broken pledges in the past. man got a nobel peace prize for several overtures, he was holding hands with kim jong-il. their promises have been made before. we have to see if they will keep them. responset is the u.s. so far to the developments? stephen: cautious optimism is the way i would look at it. donald trump is saying and the white house is saying they would like to push up the meeting with kim jong-un within three to four weeks now to maintain the momentum that obviously occurred friday, but the old adage ronald reagan used was trust but verify
it. this is the new secretary of state who a few weeks ago met with kim jong-un in pyongyang. this is what he said overnight. its eyesstration has open. we know the history and the rest . we will be different, we will negotiate in a different way that has been done before. we will require those steps -- we used the word irreversible with rate intention we will require those steps that demonstrate the denuclearization is going to be achieved. stephen: donald trump on the trust issues that i don't think kim jong-un is playing, and they will move the clocks as of may 5. pyongyang is a half-hour behind soul. they will move to be in line as a a five. paul: all right, chief north asia correspondent, joining us. and on the line now is thomas hubbard, the korea society chairman and former u.s. ambassador to south korea.
you would have heard mike pompeo saying the u.s. knows the history, knows the risks. you know the history as well. you were a principal negotiator in 1994 for the framework to end the program, and we know how that worked out. is this another false storm? seeingn't think we are permanent peace. i don't think we are seeing yet the promised land, but it is awfully hard not to be excited about the dramatic developments that have occurred over the last couple of months. remember last december, you know, we were moving towards a second korean war. looks like war was going to break out on the peninsula. tensions were rising, now we have seen this turn towards peace.
i think your correspondent described the administration's reaction as cautious optimism. i think that is correct. we have been through a lot. we have to be skeptical, but on the other hand is a time to be helpful -- hopeful. it is good we have moved from talk of war to talk about talks in the hope they are fruitful. paul: but we have been here before, haven't we? it was 10 years ago north korea decommissioned their reactor in exchange for aid, the 10 years later they have nuclear weapons. are we in the extraction phase of kim? 1999,as involved in the 1994 agreed framework that was korea's ending north nascent nuclear weapons program.
i have to note here that as a result of that agreement we korea'sto freeze north plutonium-based nuclear program for nearly a decade, for eight years. various things happened later, the north korean didn't hedge with another program based on uranium enrichment, but i don't think negotiations are correctly described as never having succeeded. i think any year freeze was a good start. we have gone through a lot since then. north korea has developed its program further. your correspondent earlier said the kim jong-un, the visit to north korea in 2007, it was really in the year 2000 just as the clinton administration was coming to an end in the united
states. a lot has happened since then i am not totally skeptical that we can come up with, cannot come up with the same kind of formula that will lead eventually to north korea's denuclearization. su: this is betty in new york. when we hear the word irreversible in the white house, what does your reversible mean to you? >> that is a phrase that has always troubled me a little bit because we watched again back in 2007 we watch them destroyed their cooling tank at one of their main facilities, and the told watched with some hope this dramatic development, then they of course restored that. i think by irreversible, i think we mean dismantlement, real
distraction of the various elements of the program. what north korea has talked about so far in this round is they are talked about ending testing, talked about ending testing of missiles and nuclear devices. they have already conducted six tests. they have 20 to 30 nuclear material, so we would want to be reliably we would have to have intense maturing to be sure that indeed they have destroyed all of this weaponry. it would be shocked out that shipped out. there is a lot involved in verifying ending it on a permanent basis. that we haverstand been here before with the north
koreans, and they have denuclearize before. they have only come back again, but back then, in the 2000, we did not have the surveillance and technology we do now. so if we were to come to an agreement like this, would we have enough surveillance to keep our eye on the north koreans? >> in the early agreements we also had surveillance monitoring by the international atomic energy agency as well as u.s. monitors, but i think what is that,ent now frankly is is the intensity here. we have had negotiations before, but we have not had a sitting engaging withelf the north korean leader. this is significant. it is risky. if it fails, things could go quickly in the wrong direction, but it is a formula we have not
tried before. you may recall bill clinton clinton to north korea, sort of different. the world would be different if bill clinton had made the visit. i was part of the preparations for the potential visit. so we are doing this from the different level at a different time with a greater sense of urgency. secondly we do have very obviously a different north korean leader. i think i would not call him an honorable man, you know, given domestic record of repression and cruelty, but quite clearly he doesn't want to train about a change. skilled seems to be a actor and he seems to have a
good sense of how to move public opinion. what is clear is i don't for a moment think he is sincere and immediatelys ready to abandon his nuclear weapons program, but he does them to be starting this process with a positive gesture, very positive gestures, unlike his father and grandfather who usually started negotiations with us by doing something, doing something bad and asking us to pay them to stop. this time he is leading with some positive gestures which i think it hopeful. hubbard, thank you so much, the korean society chairman and former u.s. ambassador south area, who has been a part of these negotiations before with north korea. a megamerger to tell you about, t-mobile to buy sprint to take
♪ paul: i am paul allen in sydney. betty: i am betty lou, you are watching daybreak australia. we mentioned sprint and t-mobile ending years of will they or won't they merge with $26.5 billion deal to take on at&t and verizon. su keenan has the details. su: finally they did it and the ceo of t-mobile saying it will have a huge impact on america. let's go right to the stock, which has had an impact already. the merge company is going to drag the rest of the players screaming to the -- they are talking about leadership in terms of this generation our next generation wireless.
stock moving, t-mobile up as much as 2.5% friday, sprint up 10% friday. they close friday with a percent gain, which sprint has not had a profitable year and more than a decade. ae merger is viewed as bailout. announcing the combination, let's go here. this combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, and ovation and second to none network. there is confident for you. it follows years of will they, won't they deliberations between deutsche telekom and softbank, the german owner of t-mobile. softbank, the german -- japanese owner of sprint, and they have come together. masayoshi son will be on the board. there is also talk of regulatory scrutiny. this will reduce the number of
large players in telecom from four to three. one analyst said many of the companies often think like t-mobile and sprint that it will thing.eat they will have problems, but this could have problems. a largertelecom, state, softbank a smaller state, -- stake, but these companies will likely move in a big way monday as well. shery: let's bring in john butler. here is the bloomberg intelligence senior analyst for telecommunications of visit an equipment. it was a long time coming, but what is the rationale? reporter: the rationale here is all about scale. telecom is a scale business and one need no look further than at&t and verizon's success over the years relative, particularly
to sprint, to know that it really pays to be big in the u.s. telecom business. so this merger is about getting big fast, particularly in advance of the big five g network build up that is going to begin later this year. betty: what are the competitive implications for at&t and verizon? are they shaking in their boots? reporter: they might be. it is one of those things where overnight if this deal is approved, you will have a competitor on a level playing field you have never had before. t-mobile has done very well in terms of getting that new new subscriberet additions. verizon has never -- they have never had the kind of threat that they will in the wake of
this merger. i have to believe at&t and verizon are looking at this and thinking of ways to block the deal. betty: if they block the deal, which certainly is a positive validity -- is a possibility, what will it look like if they can't get it done? reporter: it will be interesting to watch from a regulatory standpoint because there are new competitors coming in from the cable side of things. comcast in particular is out with a very aggressive offer and is leasing nationwide network facilities from verizon. so i think that is three years from now, even if a deal doesn't get done, you will have more players in the market, and i think the smaller ones like sprint in particular are going to continue to struggle with at&t and verizon. betty: we will leave it there, but certainly watching the impact of this deal, john butler, bloomberg intelligence senior analyst. watch our life interviews on the
♪ paul: i am paul allen in sydney. betty: i am betty liu. you are watching daybreak australia. a quick check of headlines, nobles says it will hold a special shareholders meeting to decide its fate after the itsapore high court stopped plan. they will go ahead with a sale. goldilocks said noble's response is misleading and demand immediate and clear corrections. paul: walmart's decision to give up control of the u.k. company emphasizes faster growing market over more mature ones. they were expected to announce
the sale to sainsbury later monday, merging the number two and number three supermarket chains. they will retain 40% of the combined company. walmart has turned its focus on up-and-coming markets including china and india. betty: abu dhabi investment fund reaping rewards with petroleum, revenue up 14% last year as the company used its combined portfolio to boost investment in existing companies and sell mature assets and enter new sectors at home and overseas. they will eventually manage about $250 billion u.s. when they link up with the abu dhabi investment counsel. , south koreand markets will be in the spotlight today after friday's dramatic summit. we will look at the stocks that will be following. this is bloomberg. ♪ this is bloomberg. ♪
paul: 8:30 here in the rainy and went sydney. markets opening soon, and futures looking unchanged by here. paul allen in sydney. betty: i am betty live, you are watching daybreak australia. let's get to first word news with ramy. ramy: north korea says it will intercut -- it will invite international observers to witness the decommissioning of it nuclear test site. this comes after friday's historic summit and the head of an anticipated meeting between president trump and north korean leader kim jong-un. they say it is not workable anymore. >> this administration has its
eyes wide open. we know the history and risk. we will be very different. we will negotiate in a different way that has been done before. we will require those steps. we used the word reversible with great intention. we will require those steps to demonstrate the denuclearization that is going to be achieved. angie: saudi aramco has named ramy: a new international board member as it moves towards what could be a record in initial public offering. the outgoing chemicals german has five new directors. this is the cornerstone of saudi arabia's planned transformation away from reliance on fossil fuels. at home and company is listed on one international exchange. australia to spend half $1 billion to save the great barrier reef. the world's largest living entity faces challenges from climate change, agricultural and
industrial runoff and coral eating starfish. this will improve water quality and see management and coastal cleanup campaigns. the latest avengers film has kicked off the summer of movie season with the biggest mobile global debutory -- in history. they raked in $630 million worldwide. $250 million in the u.s. and canada. the record even more notable because the film is yet to open in china. the second biggest box office in the world. it will be in theaters there may 11. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ramy inocencio and this is bloomberg. let's get more on what we should be watching as trading gets underway in asia. the asian metals and mining reporter david joining us now.
focus on south korea and north korea, the kospi index after the talks between moon jae-in and kim jong-un. what stocks should we be watching? there is a focus on south korean equities, people looking to see who is poised to benefit from the impact of the talks and the news over the weekend from kim. the producerd -- for robots of landmine clearance and company, producing protective clothing, they both were up last week, both set to seek new this week. companies poised to benefit from an uptick in intercarrier trade, not a chemical here they are among those to benefit also sunday and their trade manufacturer and the cement makers as well. all of those companies could benefit. also if we see any dilution of
economic restrictions from china on south korea, that is seen as a positive for south korea travel companies like the airlines, and in a broader sense, what we are looking for, hoping for is any kind of resolution on the geopolitical risk around south korea will help reduce that app and discount was applied the south korean equities compared to the asian competitors. specific stocks looking again, but people want to see if in a broader sense of the market will benefit. betty: speaking about markets, why is there concerns about the $10 billion ipo and how it could be a double-edged sword for the hong kong market? david: chinese smartphone maker xiaomi, they are said to be preparing an ipo in hong kong that situates $10 billion. they deposit, but perhaps not. there are concerns in the $5.6
trillion market that it may put a squeeze or really suck up too much of the funding and put a squeeze i guess on others. we have seen a taste of this last week. we saw $1.1 billion ipo. we saw people go out to look for investors there, and the impact was stark. that keybor rate, metric of liquidity in the market, that jumped the most in a decade. so this could be the biggest ipo of 2018, but might not be all positive for hong kong. so much, davidu stringer in melbourne, our bloomberg asia metals and mining. the forget to check out the gtv library for the church you have seen throughout this show so far. it is on gtv on the bloomberg terminal. talking about ipo's now, megamergers, we saw over the weekend t-mobile sets up by for $26.5 million to take
on at&t and verizon. joining us for more on the m&a landscape, joining us from l.a. chair.en why global vice he has more than 25 years of experience in corporate and private equity m&a. so first on this deal between sprint and t-mobile, they finally got it done. it seemed about five months ago -- why do you say this is emblematic of deals to come? reporter: i think this deal is a great example of what we will see more of in the telecoms space. if you look at the that will be required as a result of 5g buildout, you need to create more economies of scale. that will be one reason driving mergers. you will see convergence and blurring across telecom, media and technology which we are already seeing as consumers
choose different ways to consume toia and different habits enjoy programming. i think it will be a very active year for telecom and the entire tnt space your this deal of create a very strong third player in the u.s. market. betty: except for the regulators. could they be the ones to sporting that spoil the party? will he go through? steve: it is tough for anyone to predict it will go through. if you look at some of the big announced have been over the last couple of years, more,wn on transaction or there has been a lot of work done to navigate regulatory antitrust assets that have been divested. some of that may come into play here as well. what i find as companies today are planning very carefully around antitrust concerns, and
they are getting their ducks in a row about what assets may have to go as part of a deal, so that could be part of it. i am sure the companies have thought through that and have a plan to forge ahead. is taking a step back and looking at the merger and is a market. i know you released your report on the m&a landscape. it is interesting to note 52% of global executives plan to acquire in the next 12 months. i think about the other 48% and why they are not planning on acquiring, but tell me about this level, 52%. if that high compared to other years or down? steve: the 52% is not the highest we have seen. the highest is probably around 56%. but when you look at the different indicators and when they line up, not just the number of companies that say they will do it, but the 84% say they believe the market will improve, and frankly 100% but
say it will improve or stay the same. two thirds expect more deal closings, two thirds expect pipeline to increase. it all up, it starts to look very much like a record year. it has been a record four months. my only concern is the regulatory point you mentioned and will some of the larger deals get -- how long will it take to get through, and will lay get done in the year or not? -- will they get done? we are clearly in what i call the era of portfolio transformation. technology is creating a blurring sector lines, and like consumersed in tnt or for automotive, companies are having to reshape itself to do that. a smaller place because of technology and we are seeing more cross-border deals and in fact 60% of our
correspondence saying they will do more cross-border activity then they did in the prior year. and third is private equity. that is back in a big way, and we will see that in l.a. aul: you have put together compelling argument about why the mn date market is so healthy. we saw that they think the dreams sprint and t-mobile, but are there other companies that you think in particular are right for m&a? steve: we will see continued activity. you will see this in our survey as well in the consumer products sector. customers through technology are able to state their preferences in a different way. that is causing consumer products companies and retail companies to reshape. you are seeing some of that in the headlines. technology will be at the center of all of it. you will see technology is a
player in many of the deals. if you look at just the first quarter, $200 billion of deals in the first quarter for tech companies -- non-tech companies investing into tech. you are starting to see tech is the centerpiece and a lot of these deals. sciences i think will continue to be a hot sector. insurance is one, especially when you look at the reinsurance and the longer tailed liabilities. you will see activity there as well, and don't forget you just talked about mining and metals and oil and gas. it will be a lot of activity. they will be headline deals because you are talking about in some cases, in oil and gas, upstream deals, and maybe one that people won't hear about our think about every day in the press, but there will be a lot of activity. right, the global vice chair of advisory services in l.a., we got to leave it there.
♪ paul: i am paul allen in sydney. betty: i'm betty liu. you are watching daybreak australia. the trump administration's plans to extend relief from steel and aluminum tariffs to some countries but not all when their temporary exemptions expire tuesday. declaring who might be spared, saying the announcement will be made before the deadline. ros krasny following these developments in washington. did he give any indication at all about who might are not relief? ros: you know the trump white house likes nothing better than it could -- a good cliffhanger.
wilbur ross's unit to that goal when he spoke to -- russ -- all.allies, not possible that the european union after a lot of lobbying by angela merkel, emmanuel macron and others may be spared, and they may think in the case of europe it should be one in, all in because i don't think the u.s. could negotiate with one and give france preferential treatment over the u.k. and vice verse a. that is what we are thinking if europe gets the exemptions, all of it will. andof the arguments macron may and others have made is, why would you go after a u.s. ally and nato ally and claim that the tariffs have been put on for national security reasons? there is that twist to it. china is pursuing a wto case
against the u.s. with these tariffs. the european union is thinking of joining that. that is pretty much where we stand at the moment. european leaders spoke over the weekend and sort of came to the conclusion they would have no choice but to retaliate if the tariffs are placed on european steel and aluminum, and we think everything from orange juice to more could be targeted. secretary of the treasury steve mnuchin is heading up to china with a big delegation of u.s. economic officials, and he is supposed to pass down trade tensions. there is a lot at stake. we may not know anything from wilbur ross and the commerce department until late monday night when the tariffs would kick in. just watching this.
paul: all right, bloomberg editor ros krasny in washington, thanks for that. let's dig into this potential trade war deeper. the council on foreign relations, now the senior director for european affairs on the national security council in the obama administration. the setting of the scene there, so how do you untangle this? are you surprised with the urgent trade war talk, but on the other hand you have the german chancellor angela merkel heading back to europe saying a trade war is out of their hands and possible punitive responses in the works -- does this seem odd to you? reporter: it seems odd if you step back and say, isn't europe supposed to be america's closest allies? it is not odd given the era of donald trump. and angela merkel and president macron went to washington, they
leaned in on the terrace question and iran. left empty-handed, waiting to see what would happen. i have to say i am worried. i am skeptical will see much relief in the days ahead. either on the trade front or the iran front, and that is because trump is heading into an election season and will double down and rally the base. that means protectionism and being tough on iran. now he has got around him john bolton and pompeo, more hawkish than the people they replaced, so i'm not holding my breath that we will see him take a more accommodating stance in the days ahead. paul: i want to press you more on political dimensions because you say the midterms are coming up but protectionism and trade wars, that is not much good for the u.s. farmers which is part of the trump base. >> it goes both ways. the farming community has been upset by the prospect of losing their export trade to china,
soybeans, pork, and other products. on the other hand there is a strong industrial base that likes the tune of protectionism. trump is looking for ways to keep happy. that may involve finding a way to get the exports and agricultural sector in while at the same time playing the protectionist hard. but i think the -- precisely because the numbers don't look good, the democrats look like they may take the house and senate, he is going to play hardball because that has worked in the past. betty: i am wondering if what you think with north korea and what seems like a detente at this point from the north korean side under authorization, talking about denuclearization, do you think that will affect how voters view trump?
i think you have to give trump some credit for getting the north and south korea to this point. i doubt this would be happening if we had not had trump's blustery talk, but the pressure that has been placed on the north korean economy by the sanctions including chinese turning off the spec it on the cross-border trade. spiggot one it -- the cross-border trade. we have reason to be spec to -- we have reason to be skeptical. we have seen this in the 1990's and the last decade of the north playing nice, they will do xyz, then going ahead with nuclear programs even though they said they were not going to do that. we are off to a good start. you have got to play this out, but we need to do this with eyes wide open. to havef you are going any thoughts on north korea not
speaking to immediately but do you believe the motives are really for kim to get sanctions lifted? >> i think that is what got him to blink, and if i were advising the trump administration how to play this, i would a focus on the political dialogue, on the military front, de-escalation, getting weapons out of the demilitarized zone, the people to people contact, and hold off on giving economic relief because that is where the u.s. leverage really lies. to let those sanctions off too soon makes it very unlikely that the north koreans are going to deliver on this process to denuclearize. only time will tell if they are serious. charles, thankt, you so much, senior fellow on the council on foreign relations , thank you so much. i know you have breaking news for us. paul: that is right, some news crossing the bloomberg now on
dbs first quarter net income, beating estimates, coming in at $1.5 billion singapore. billion,nterest $2.13 debt interest 1.83%. so that will be a stock to watch when trading gets underway in singapore. betty: we will have much more ahead on dbs and talk about the other financial sector. this is bloomberg. ♪ this is bloomberg. ♪
down to rate differentials between the u.s. and australia. you have the biggest economy chugging along at a fast pace, and at the same time you have the fed looking to raise rates at least twice by the end of this year. 10,000 miles away in sydney you have the rba looking to step past rates. the goldman said inflation will not be a worry for the rba, and it will be sluggish wage growth, but not like we will hold his hand on keeping rates up, and as a result you will see the aussie dollar falling down to $.72 u.s.. paul: what about bond deals in the u.s.? reporter: those are heading north. we saw bond yields touching 3% for the 10 year note last week, and goldman reckons it will be heading in one direction which is up. goldman does see bond yields hitting 3.5% by the end of the year. paul: what does it have to hit to trigger serious point?
is the level% goldman is looking at, so we have a lot of money being upheld by big pension funds, big insurance, and these, the big guns when it comes to bond buying. a level that high could trigger a buying spree because these, a lot of these companies have had hundreds of billions of dollars of liability and struggled to in the last several years ago the record low bond yields. paul: all right, thank you for joining us. that is also it for daybreak australia, but yvonne man in betty liu are up next with daybreak asia. let's look at what is coming over the next two hours. what are you watching? betty: we have quite a few guests coming up. we will talk about a forex market and the aussie dollar and u.s. dollar and where the fed is going to go with interest rates. the senior interest rate and currency strategist ed is joining us. he is short treasuries, looking
at where we are in the global growth spectrum and also some funds. i don't know if you are a burger guy, but we are going to have the shake shack. hereburger is a huge hit in new york. people line up around the corners just to get a hold of their burgers and custard, frozen custard. they are opening their hong kong .tore may want, so -- may 1 will miss out on that. paul: we miss out on all sorts of things like that, but i will probably live on. what is a good time for me to watch out for that later on. that is it, and all the action coming up next. stay tuned. this is bloomberg. ♪ this is bloomberg. ♪ welcome to the xfinity store.
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